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yeah got it - thanks for clearing that up :)

dropping rates also drops the dollar which would hurt export industries i believe - or is that the other way around?

i think the 10b is proof that Labor have NFI about what is a "stimulus" and what is a "handout" package. the FHOG didn't affect house prices at $7000 - and it won't at $21,000. why? because it's at the wrong end of the scale. a FHB can go and get a $180k property with that, or a $350k...

thank god - finally some street level advice. kudos for the level headed thinking. maybe this is the reason aussies are so apathetic when it comes to money - talktalktalktalktalk and nothing really changes.

y'know what? i'm over it. i'm switching off the news now and CBF'd listening anymore. just heard some bulls_t mainstream news repot about "a recession likely." for all those journo's out there recession = "...2 consecutive quarters of negative growth..." who's calling a recession? 3...

me too - i just don't understand how people can have such a doomngloom long term view of Australia. china need house 200mil people in the next 10 years - or australia's population EVERY YEAR. how's that for demand, at even 50% of that number? what about india? sure, we won't sell them...

ah it's definitley not beaten because it's imported. that said though my coffee is still costing me $3.50 - was $3.20 at the start of the year. maybe when my coffee comes back to $3.20 i can start to expect the RBA rate rises to be comfortably on hold.

"bleak assesment" ? who's painting a bleak assesment for Australia? Australia is like a roadhouse full of fuel, beer and deep fried food, on a major interstate highway with the nearest competition 500km away. in other words, every man and his dog is filling up and spending a packet...

trendsta, lets just get buying and leave this bearish crap to the pessimists...

i agree - RPData is useless on last 9 months of low volume data. no accurate representation there whatsoever.

http://video.google.com/videoplay?docid=6507136891691870450 i highly recommend this video

mate i don;t think we'll escape it. i think i wrote that somewhere else on here. i just don;t see it being as bad here as in the EU and US. i live in Perth as well, so I can have rose-coloured glasses on too. the WA economy can be gauged on how many cranes there are in the sky - and at the...

can we just get this "recession" over with already....? so sick of hearing about it, people worrying etc. if it's gonna happen, the cartel (sorry, i mean RBA) won;t have your interests at heart.